Topic: Can any government ban Bitcoin? - page 19. (Read 3343 times)
For some reason I am sure that no government (except dictatorships) will go to extremes by banning bitcoin.
In the era of globalization of the Internet economy, some governments have not enough power and power to effectively combat decentralized crypto currency. However, it is worth paying attention to how the Chinese authorities are trying to control the Internet.
If any government decides that the trade or possession of bitcoin is illegal, then the question immediately arises: how can this ban be implemented? After all, the government will not be able to confiscate the bitcoins from the owners if they do not hand over the private keys themselves.
Bitcoin is not allowed to trade because bitcoin transactions are anonymous, and transactions do not pay taxes and harm the interests of some governments.
Yes any major government like the government of USA,China,etc can bann bitcoins considering its negative side. Bitcoins are the best example to earn profits online and i guess, bitcoins should never be banned but bitcoins are also used in various fields like buying/selling drugs, weapons, hitman service, etc as a medium of payment. If the government manage to stop all this then surely bitcoins wont be banned but at the current situation bitcoins are on a riskier side which can be banned by any government.
Yes, any government can ban bitcoin but only on the trading side. They can do whatever they want, if they see cryptocurrencies as a negative threat to their economy then they can always applies laws against crypto.
I think the government can ban bitcoin if they think bitcoin is harmful and could make a loss or may have been used for crime
I think one day the current state has not legalized bitcoin will be legalized by demand from society at large.yes there is a possibility that the government will ban bitcoin, but it is difficult to do because while it takes more people interested to invest in bitcoin so they have freewill to banned bitcoin.
I do not think any government can ban bitcoin entirely as this is a de-centralized platform.
You're wrong. Because some countries have banned the bitcoin and they have different reason why? For example the country of Morocco, Abdellatif Jouahri, governor of Bank Al Maghrib, said at press conference he said that bitcoin is a not a currency but a financial asset. He also warned of its dangers and called for a frame work to be put in place for consumers protection.
But there are many countries that bitcoin are legally use.
Each nation on the planet can boycott Bitcoin in its locale however they can not by any means stop its subjects on the grounds that there are such huge numbers of approaches to get to Bitcoin if individuals demand utilizing it.
I don't perceive any purpose behind any legislature on the planet to boycott Bitcoin on the grounds that this isn't an illicit sort of computerized cash despite the fact that terrible individuals can do diverse kinds of digital wrongdoing with it however that isn't a legitimate explanation behind me since FIAT cash can utilize likewise in doing awful action.
I don't perceive any purpose behind any legislature on the planet to boycott Bitcoin on the grounds that this isn't an illicit sort of computerized cash despite the fact that terrible individuals can do diverse kinds of digital wrongdoing with it however that isn't a legitimate explanation behind me since FIAT cash can utilize likewise in doing awful action.
I think that if the government just forbids bitcoin it can, but that does not mean it can stop or eliminate the bitcoin from the community, given the fact in the market and the number of its developers continue to increase, I think one day the current state has not legalized bitcoin will be legalized by demand from society at large.
Bitcoin is not owned or controlled by any government or corporation. Bitcoin network is peer to peer and fully decentralized.
Yes, i Agree with you bro that bitcoin is not owned by any government. A certain country's government can ban the exchanges of cryptocurrencies only. If your country declared that it had ban the exchanges of cryptocurrency then you can't convert your coin to your local fiat.
yes there is a possibility that the government will ban bitcoin, but it is difficult to do because while it takes more people interested to invest in bitcoin so they have freewill to banned bitcoin because they have the authority to enforce.
They can not actually ban it by making it unable to to be reached, but however any state in the World can perfectly make it outlaw and then sentence anyone who would be caught using it. Hopefully the fashion is more to the legalisation lately than the ban.
Yes, of course, this can occur, but I think it is very unlikely right now.
EU will Not Regulate Digital Currencies like Bitcoin: http://www.newsbtc.com/2016/01/26/eu-will-not-regulate-digital-currencies-like-bitcoin/
Federal Reserve Chair: US Central Bank Can't Regulate Bitcoin: https://www.coindesk.com/federal-reserve-chair-us-central-bank-cant-regulate-bitcoin/
China: Banned facebook, twitter, snapchat, gambling, people in the Chinese military are not allowed to access the internet, google,... So I think it is an achievement for BTC that it is "banned" in China
yes, I agree with your opinion, it will happen but not today, because today bitcoin is getting stronger.EU will Not Regulate Digital Currencies like Bitcoin: http://www.newsbtc.com/2016/01/26/eu-will-not-regulate-digital-currencies-like-bitcoin/
Federal Reserve Chair: US Central Bank Can't Regulate Bitcoin: https://www.coindesk.com/federal-reserve-chair-us-central-bank-cant-regulate-bitcoin/
China: Banned facebook, twitter, snapchat, gambling, people in the Chinese military are not allowed to access the internet, google,... So I think it is an achievement for BTC that it is "banned" in China
but I would argue that it will happen if someday the bitcoin weakens in dying conditions. and it's hard to predict ..
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
All government can ban bitcoin anytime but they can't stop bitcoin. The effect of bitcoin banning by government is not for long term , investors will always buy bitcoin because they thrust that bitcoin has good future. We use bitcoin anonymously so there is no problem with that. Can the government of any major country step in and do the unlikely?
every government can ban bitcoin, because the government has high authority for society. So no wonder many other countries are banning the use of bitcoin.
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Can the government of any major country step in and do the unlikely?
Any of government has their own law which can set the law to ban bitcoin.
For example china, they have banned bitcoin and close exchanger. It is because they make a rule or law to ban bitcoin and other cryptocurrency
I do not think any government can ban bitcoin entirely as this is a de-centralized platform.
In other countries Bitcoin is already banned and its prohibited its because of some people used bitcoin in illegal activities that's why. So for my opinion It can be, but Of course Bitcoiners will make a way to use bitcoin eventhough its prohibited to their country.
Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Can the government of any major country step in and do the unlikely?
I believe they can, because some countries banned the usage of bitcoin ,but i think they can't stop people on using it though. I think all of the bitcoin users become mad in the government, because the bitcoin is not illegal. I don't know why some government or countries banned the bitcoin but I think they banned the bitcoin in their country because they think that the bitcoin is unfair to some people who is working hard to earn money.
Any governments can ban bitcoin. But since bitcoin is developed as peer to peer and a decentralized technology then it will be hard on governments to track down its users especially if it gets to become mainstream which is what we are hoping to happen.
Jump to: